Wal-Mart Company description

Wal-Mart Company description

Wal-Mart is an American company with its headquarters based in Bentonville, Arkansas.  It is one of the leading global retailers and the biggest corporations in the whole world.  Sam Walton founded in the company in 1962, and as a result of the desire to grow, the company has been able to establish many outlets in the different parts of the world. The company operates globally, and this has been facilities by it being efficient in its operations. The company deals with different products and services such as bakery, meat, electronics and cellular services. Among its competitors is Kmart and due to increased competition, the company has improved on its services.  In terms of its organizational structure, it has a hierarchy whereby there are leaders at the top who governs the activities of the company. At the top, there is the CEO, and at the lower levels, there are directors who supervise the employees (“Wal-Mart | History & Facts”, 2020).  directives come from the top management while the managers at the middle-level help in their implementation.

Wal-Mart is committed to its CRS, whereby it concentrates on providing safe products that are affordable to its customers. The company also ensure that it contributes towards economic development, environment improvement,  community welfare and supporting the community since through this, it will be able to add value to its business and also the community at large(Kampf, 2007).  Also, the company provide better working conditions to its employees, and as a result of this, the company has been the leading in sustainability.

Friedman view on CSR is that the major social responsibility of a company is to make use of the resources and involve itself in activities that will result to increased profits and at the same time, follow the rules that relate to engaging in fair competition without involving any form corruption. Wal-Mart follows this technique whereby it relies on its stockholders by failing to increase its employees’ wage but instead, it uses the amount to benefit its stockholders and the shareholders such as suppliers.  The company ensures that it creates happiness for its investors (Baron, 2007). as the company is pursuing to make profits, it also provides that it is contributing to the wellbeing of society.

References

Wal-Mart | History & Facts. (2020). Retrieved 6 February 2020, from https://www.britannica.com/topic/Walmart

Baron, D. P. (2007). Corporate social responsibility and social entrepreneurship. Journal of Economics & Management Strategy, 16(3), 683-717.

Kampf, C. (2007). Corporate social responsibility: Wal-Mart, Maersk and the cultural bounds of representation in corporate web sites. Corporate Communications: An International Journal, 12(1), 41-57.